MMX announced earnings results for the fourth quarter of 2015. The company reported a net profit of BRL 114 million (USD 54 million) for the fourth quarter of 2015 compared with a BRL 172 million loss for the same period in 2014. Net revenue was BRL 300,000, compared with BRL 100,000 in the fourth quarter of 2014.

Adjusted Ebitda was BRL 80.6 million compared with negative BRL 226 million in fourth quarter of 2014, while net debt rose 53% to BRL 152 million, from BRL 99.2 million at the end of 2014.